OEB Issues 2008 Electricity Distribution Rate Order for Sioux Lookout Hydro Inc.



    TORONTO, Oct. 22 /CNW/ - Today the Ontario Energy Board (the Board)
issued a Rate Order for a Decision on a 2008 electricity distribution rate
application for Sioux Lookout Hydro Inc. (Sioux Lookout). The new distribution
rates are effective July 1, 2008, but will not be implemented until
November 1, 2008.
    Distribution rates are set to recover the cost to deliver electricity to
consumers based on an individual utility's cost to provide electricity
service. Distribution rates are reflected in the "Delivery" line of consumers'
bills.
    As a result of this Decision, the delivery portion of the bill associated
with the cost to distribute electricity will decrease by approximately 15% for
Sioux Lookout's residential customers. The total monthly bill for residential
consumers paying the regulated price of electricity will decrease by
approximately 3.5% from a bill issued between May 1 and October 31, 2008.
    A table of the estimated bill impacts on residential consumers is
available on the Board's website at
http://www.oeb.gov.on.ca/OEB/_Documents/2008EDR/bill_impacts_2008.pdf.
    For more information please refer to the 2008 Electricity Distribution
Rates Backgrounder on the OEB website at
http://www.oeb.gov.on.ca/OEB/_Documents/Press+Releases/bckgrndr_2008_EDR.

    The Ontario Energy Board regulates the province's electricity and natural
gas sectors in the public interest. It envisions a viable and efficient energy
sector with informed consumers served by responsive regulatory processes that
are effective, fair and transparent.
    For more information, please refer to the attached backgrounders, visit
the OEB website at www.oeb.gov.on.ca or contact the Consumer Relations Centre
at 416-314-2455 or toll-free at 1-877-632-2727.

    Ce document est aussi disponible en français.





For further information:

For further information: Vanda Wall, Ontario Energy Board, (416)
440-8149


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